Luma at West Palm Beach LLC, led by Charles Scardina, has secured a $35.6 million construction loan for the development of the Luma apartment complex in West Palm Beach. The funding was provided by Weston-based Florida Community Bank. Located just west of the Florida Turnpike on Okeechobee Blvd., the project will feature 245 apartments ranging from one to three bedrooms. Luma bought the site in July for $8.09 million.
“Today we are just breaking ground, but next year there will be a beautiful, perfectly-appointed, welcoming community here, with all of the conveniences for modern life,” said Luma at West Palm Beach Developer Charles Scardina. “We are thrilled to get this project going with the support of the City of West Palm Beach, and are looking forward to providing an exceptional new community for local residents to call home.”
